# RuniGun $RNG Token IDO Launching on Inscribe

**Published by:** [RuniGun](https://paragraph.com/@runigun/)
**Published on:** 2024-04-16
**URL:** https://paragraph.com/@runigun/runigun-rng-token-ido-launching-on-inscribe

## Content

We are excited to announce that our Initial DEX Offering (IDO) for RuniGun $RNG tokens will go live on April 16th, 2024, at 4 PM UTC, exclusively on Inscribe. This IDO is a great opportunity for community members to get involved early and contribute to the exciting journey ahead.How It WorksThe IDO will take place in a three-phase "Overflow Sale" model designed to ensure a fair and equitable distribution:Stakers Sale: The initial hour is reserved for those who have staked their $INS tokens on the Inscribe platform. If you have not yet staked, you can do so here.Holders Sale: This phase begins in the second hour for $INS token holders, assuming the hard cap was not met during the Stakers Sale.Public Sale: The final phase opens to the general public for any remaining allocation if the hard cap has not yet been reached.Each phase will continue for exactly one hour or until the hard cap for that phase is filled, whichever occurs first.Why Participate?The $RNG token will power core functions within the RuniGun ecosystem. Early participants in the IDO not only support the project's growth but also stand to potentially gain from the appreciation in value as our ecosystem expands.Mark Your Calendar!Keep these details in mind:Date & Time: April 16th, 2024, 4 PM UTCLocation: InscribeHardcap: $225,000 for the IDO with a total token allocation of 5,000,000 $RNGStay tuned for further updates and prepare to participate in the RuniGun $RNG IDO! About RuniGun RuniGun is a Telegram bot designed to create, mint, and trade runes securely and effortlessly on the Bitcoin blockchain.

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